Rothko bid a record for contemporary art

NEW YORK, May 16 (UPI) -- A $72.8 million bid for a Mark Rothko painting, a record for the artist and any contemporary work at auction, paced a record session at Sotheby's in New York.

Sotheby's declined to name the buyer of Rothko's "White Center (Yellow, Pink and Lavender on Rose)," sold Tuesday on behalf of David Rockefeller, retired banker and chairman emeritus of the Museum of Modern Art, The New York Times reported Wednesday. The painting was estimated at $40 million.

In addition to the Rothko, records were set for artists such as Francis Bacon, Morris Louis, Richard Prince and Cecily Brown. Sotheby's reported the sale totaled $254.8 million, just shy of its $265 million high estimate.

Another record bid -- an unidentified telephone bidder's $52.6 million -- was offered for Bacon's "Study From Innocent X." The canvas was estimated at $30 million.

"The Architect's Home in the Ravine" by Scottish-born painter Peter Doig sold for $3.6 million, while estimated between $1.2 million and $1.8 million.

Of the 74 lots, nine failed to sell, Sotheby's said, including three by Jackson Pollack.

United Press International is a leading provider of news, photos and information to millions of readers around the globe via UPI.com and its licensing services.

With a history of reliable reporting dating back to 1907, today's UPI is a credible source for the most important stories of the day, continually updated - a one-stop site for U.S. and world news, as well as entertainment, trends, science, health and stunning photography. UPI also provides insightful reports on key topics of geopolitical importance, including energy and security.

A Spanish version of the site reaches millions of readers in Latin America and beyond.

UPI was founded in 1907 by E.W. Scripps as the United Press (UP). It became known as UPI after a merger with the International News Service in 1958, which was founded in 1909 by William Randolph Hearst. Today, UPI is owned by News World Communications.